New regulations on bank transfer confirmation
On October 28, 2016, the Ministry of Finance issued the Circular No. 173/2016/TT-BTC on amending and supplementing the first paragraph of clause 3 Article 15 of Circular No. 219/2013/TT-BTC by the Ministry of Finance (amended by Circular No. 119/2014/TT-BTC, Circular No. 151/2014/TT-BTC and Circular No. 26/2015/TT-BTC by the Ministry...
Taxable price of natural water used for hydroelectricity generation
On October 28,2016, the Ministry of Finance issued the Circular No. 174/2016/TT-BTC on amending and supplementing point a Clause 4 Article 6 of Circular No. 152/2015/TT-BTC dated October 02, 2015 by the Ministry of Finance providing guidance on resource royalty.
Accordingly, from December 12, 2016, taxable price of natural water...
To increase fees for issuance of the license to provide international travel services
This is the new content prescribed by the Circular No. 177/2016/TT-BTC issued by the Ministry of Finance on November 01, 2016 providing for fees for issuance of the license to provide international travel services, fees for issuance of tourist guide identification cards, charges for issuance of narrator’s certificates, charges...
To fine to vnd 100 million if non-public offering of stocks failing to apply for securities
This is one of the important contents prescribed at the Decree No. 145/2016/ND-CP dated November 01, 2016 of the Government on amending the Government’s Decree No. 108/2013/ND-CP dated September 23, 2013 on penalties for administrative violations against regulations on securities and securities market.
In particular, from December 15, 2016, any...
To supplement goods and services subject to price declaration
On November 11, 2016, the Government issued the Decree No. 149/2016/ND-CP amending, supplementing a number of articles of the Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding a number of articles of the Law on Price.
This Decree prescribes 16 types of goods and services...
To 2025, every household shall be given support to develop production
In order to maintain, develop and enhance the position of the sparse ethnic minorities; lessen and eradicate poverty, ameliorate sustainably the material and spiritual life of the compatriots in order to narrow the growth gap with other local ethnic groups, Decrease the annual ratio of poor households to 7%...
Management and utilization of the software for aggregation of data on land transport infrastructure asset inventory
On October 25, 2016, the Ministry of Finance issued the Circular No. 158/2016/TT-BTC on the management and utilization of the software for aggregation of data on land transport infrastructure asset inventory.
Accordingly, The data on land transport infrastructure assets in the software is subject to pre-input verification and validation by...
To classify pay scale and payroll in state securities trading organization
Takes effect on December 10, 2016, the Circular No. 31/2016/TT-BLDTBXH dated October 25, 2016 on management of employees, salary, remuneration and bonus by organizations that are incorporated and operate as wholly state-owned single-member limited liability companies under the law on securities, including the Stock Exchange of Hanoi; the Stock...
Principles of opening pre-investment accounts of offshore investment activities
On June 29, 2016, the State Bank of Vietnam issued the Circular 12/2016/TT-NHNN guiding the foreign exchange management of offshore investment activities and takes effect August 13, 2016.
In accordance with the regulations of this Decree, after being granted an offshore investment registration certificate, an investor shall open 1 (one)...
Fees for flights over the vietnam’s airspace
On October 06, 2016, the Ministry of Finance issued the Circular No. 146/2016/TT-BTC dated October 06, 2016 of the Ministry of Finance providing for fees for flights over the Vietnam’s airspace and the collection, transfer and management thereof.
Accordingly, the fee for flight distance over the Vietnam's airspace under 500...
